PANews, July 22 - According to foreign media cited by Jinshi, due to increasing doubts about the project's effectiveness, Bank of England officials are considering postponing the public rollout of the digital pound plan. This reflects a growing disinterest globally in government-backed digital currencies. According to informed sources, the Bank of England has privately urged the banking sector to accelerate payment innovations in hopes of achieving similar benefits without launching a central bank digital currency (CBDC). The Bank of England stated that it still hopes to retain the ability to launch a CBDC if necessary, but if the private sector continues to introduce new electronic payment technologies and its staff believes the benefits of advancing the digital pound are declining, the central bank is willing to take a step back.
